Whale withdrawal sends Shiba Inu down 7.02%

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Shiba Inu drops 7.02% to $0.0000042

Highlights

A leading Shiba Inu whale offloaded 600 billion SHIB amid a broad 3.8 trillion SHIB sell-off, intensifying price pressure and boosting circulating supply.
Shiba Inu's deflationary momentum weakened as the daily token burn rate fell 74%, while over 28 billion SHIB exited exchanges, slightly reducing short-term sell risk.
Technical indicators confirm a strongly bearish trend, with SHIB trading below key averages and an expected range of $0.00000409–$0.00000431 amid high volatility.

Whale selling intensifies amid retail push and fading deflationary trend

A major Shiba Inu whale, described as the 'top SHIB donor', moved 600 billion tokens worth $2.83 million as part of a wider sell-off totaling 3.8 trillion SHIB, which increased circulating supply and amplified downward price pressure. Rakuten Wallet has launched dedicated educational content and marketing campaigns, including the 'Understanding SHIB' video series led by senior analyst Matsuda, according to Pluang, aiming to expand retail engagement, though this initiative has so far been accompanied by persistent selling. Meanwhile, a 74% drop in Shiba Inu's burn rate and only $13 burned in the last day has weakened the asset’s deflationary momentum, while more than 28 billion SHIB have exited exchanges in the past 24 hours, providing a modest offset by lowering immediate selling risk.

Oversold conditions persist as sellers dominate against layered resistance

On the h1 timeframe, SHIB/USD is positioned below the MA-20 at $0.00000453 and the MA-50 at $0.00000457. The long-term MA-200 sits above at $0.00000643, marking a distant resistance level. The Ichimoku Kijun line at $0.00000447 forms immediate overhead resistance. On the downside, support is seen at $0.00000409. The Moving Average Convergence Divergence (MACD) signals a sell, while the Average Directional Index (ADX) reads neutral, suggesting weak overall trend strength. Both the Relative Strength Index (RSI) at 26.47 and Commodity Channel Index (CCI) indicate oversold market conditions, which is echoed by an oversold reading on the Stochastic RSI. Bull/Bear Power points to seller dominance during the trading session, and the Awesome Oscillator confirms alignment with downside momentum.

Rangebound outlook holds while downside risks front-load near support

Over the next two to three sessions, SHIB is expected to trade in a narrow range between $0.00000409 and $0.00000431, reflecting typical volatility around current levels. A bullish reversal would require a firm breakout above immediate resistance at $0.00000447. Conversely, if SHIB breaches $0.00000409, the risk of further downside accelerates and a move lower becomes the dominant scenario.

Anton Kharitonov, expert at Traders Union, sees Shiba Inu facing continuing technical and sentiment headwinds. Heavy whale selling and a sharply reduced burn rate are pressuring the price, despite new education efforts by Rakuten Wallet. Technical indicators remain weak across all major trend levels. "Until SHIB reclaims $0.00000447 convincingly, I remain cautious and see rallies as vulnerable to renewed selling."

Earlier, analysts noted that sellers continued to dominate Shiba Inu’s trend reinforcing an overall bearish momentum amid persistent negative sentiment. The ongoing whale-driven sell-off and declining burn rate further strengthen this negative outlook, making a breach below $0.00000409 the primary risk to monitor in the near term.

Source of Data: SHIB Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.